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1105 Spruce St
Belmont, NC 28012
Building 3 · Office Property For Sale

EXECUTIVE SUMMARY

Two Condo (office/medical) portfolio in Sterling Professional Park totaling 6077 SF. Tenants are Azura Medical Spa of Charlotte and Carolina Digestive Health Associates. 2-3 years remaining on initial term with both leases including two five year options. $118,500 NOI with leases below market rate/cost to build ensuring high likelihood of renewal or retenant at higher rates. 325 Unit Class A Apartment complex approved behind this complex and discussions to bring Light Rail from Charlotte down Wilkinson Blvd. Sterling Professional Park co-tenants include Atrium Health Urgent Care, Charlotte Eye Ear & Throat Associates, Belmont Dental, Belmont Pediatric Dentistry, McMahan Financial, Gaston Capital, Orthomed Flex and more.

PROPERTY FACTS

Property Type Office
Property Subtype
Medical
  • General Retail Health Club
Building Class A
Lot Size 1.00 AC
Rentable Building Area 7,994 SF
No. Stories 1
Year Built/Renovated 2008/2013
Parking Ratio 4.5/1,000 SF
APN / Parcel ID
221548
  • 226389
Zoning office

AMENITIES

  • Banking
  • Convenience Store
  • Day Care
  • Dry Cleaner
  • Fitness Center
  • Restaurant
  • Listing ID: 23331429

  • Date on Market: 6/8/2021

  • Last Updated:

  • Address: 1105 Spruce St, Belmont, NC 28012

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